Thuto Alex Mangwegape

Experience

• 

  Barclays Bank Botswana

  Feb 2018 - Feb 2019

  Graduate Intern (Retail Asset Management)

  Graduate Intern (Retail Asset Management)(Secured Lending)

• 

  Absa Bank Botswana

  Feb 2019 - Feb 2020

  Gen A Graduate

  Business Banking Graduate

• 

  Absa Group

  Feb 2020 - now

  Organize and take a wide range of data into consideration in formulating turnaround strategies, and immense influencing skills to sell such strategies to the management of corporates experiencing financial distress-Responsible for the delivery of turnaround strategies to a portfolio of predominantly Mid Corporate customers & SME’s experiencing financial distress-Manage all client relationship matters on distressed positions and early warning lists to prevent and mitigate against arrears-Partake in Risk Reports and Credit Committees to proactively manage arrears position-Preparation of Monthly and Quarterly Risk Reports-Preparation and presentation of the quarterly Watch List and Impaired Debt Committee (IDC) Packs for the quarterly IDC meetings,-Preparation and monitoring of relevant regulatory reports including arrears reports, Basel II and BA610 reports-Preparation of Watchlist, Expected Credit Loss and Impairment reports-Monitoring of DGs (customer Default Grades), Loss Given Default (LGDs) as well as Loss in Event of Default (LIED) for names within the recoveries space as a proactive management of impairment-Management of Impairment and related analysis to ensure that impairment is constantly maintained within the set budgets/targets-Carrying out impairment tests and calculations on Watch List names-Preparation of the Credit submission reports for Absa Regional Operations Committee consideration on distressed names-Review and Approval of Credit requests for names under the Business Support & Corporate recoveries portfolio within sanctioning mandate awarded-Facility restructuring and modelling where necessary as a means of remediating/rehabilitating distressed accounts. Show less -Facilitated understanding of client operations and needs to provide appropriate solutions and structure transactions to fit client needs for all credit applications.-Responsible for credit risk structuring of transactions from multiple industry sectors across diverse product offerings and different market segments being SME, Commercial and Agribusiness portfolios-Support the Corporate Risk Credit / Consumer Risk team in providing credit input to Absa Botswana/ Africa, delivering a World-Class Credit service, and contributing towards achievement of the teams’ risk and business objectives-Ensuring the optimal quality of the credit portfolio by application of best practice in decision-making and credit deal origination-Maintain integrity of Corporate Credit Risk System (CCRS) ensuring financial and other information is updated, consistent and accurate-Driving of the Purchase Order Finance and Contract secured Portfolio-Ensure the highest standard of credit quality through the structure, monitoring and control of credit applications. Maintenance of these standards both personally and as part of the Credit Team.-Responsibility for personal adherence to governance, compliance, and lending portfolio controls. Ensuring own conformance to policy and procedures within the Credit Function, including proactive management of agreed responsibilities for Data Integrity.-Advise on risk reward and challenge pricing where appropriate-Work in partnership with Country colleagues [Risk and Control Unit, Treasury and Corporate] and proactively anticipate, respond to and seek to exceed the expectations of customers. -Played part in preparation and review of large ticket transactions before presentation to New Business Committee (Credit Panel)-Participation in Watchlist and Risk Reports and Credit Committee meetings Show less

  • Business Support Manager

    Apr 2023 - now

  • Corporate Credit Manager

    Nov 2020 - Apr 2023

  • Assistant Relationship Manager (Purchase Order Finance)

    Feb 2020 - Oct 2020